Tax hike in Illinois? Lawmakers to meet Friday as state faces $4 billion deficit – WGNTV (Chicago)

“It’s often been said that no Illinoisans life, liberty or property is safe when the legislature is in session,” House Republican Leader Jim Durkin said. “That has never been more true today and the week ahead.”
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The True Believer
3 years ago

Blm is the cause of all the problems in this country. They started it, they must be stopped or our country is over.

Freddy
3 years ago

Maybe there will be a property tax bailout? There are bailouts for mortgage/banks/ auto/etc. Might as well add high property taxes. Think of it .One party rule in Illinois and now possibly Federal. What could go wrong? I’m thinking why not get rid of everything I own and apply for all the handouts in the pipeline.

The Truth Hurts
3 years ago

Looks like Dems will get the Senate. 2K stimulus checks and maybe a bailout for Illinois.

Fed up neighbor
3 years ago

No doubt Illinois will get bailed out there’s no second guessing this one, Durban has just become more powerful overnight, there all smiles now.

Last edited 3 years ago by Fed up neighbor
debtsor
3 years ago

I hope they raise taxes. It brings me one day closer to leaving Illinois!

ConcernedExpat
3 years ago

How about for every dollar raised via taxes, one dollar is cut via spending reform? Two billion tax raise and two billion spending cuts and we can call it a day. Ok I’ll stop dreaming.

Ex Illini
3 years ago
Reply to  ConcernedExpat

Stop making sense.

stevet
3 years ago
Reply to  ConcernedExpat

how about zero tax hikes…we are tapped out

The Truth Hurts
3 years ago
Reply to  stevet

JB floated a trial balloon for a $700 million cut and Madigan already used that number with the Black caucus to show that without him cuts will hurt their caucus. So now the debate is how much in cuts. $700 million at the top end and zero at the other. My guess is $400 million in cuts, closing loopholes for “rich” business owners to scratch together some additional revenue. Maybe they will count the 2 Billion they borrowed from the Fed to “balance” the remainder. That only gets you through June. After that the flax tax will need to increase.… Read more »

debtsor
3 years ago

“$700 million at the top end and zero at the other.”

This is wishful thinking. My guess is that they can do negative cuts aka more spending. We just saw them pass the pandemic budget during the special session that slightly increased spending while calling the budget balanced while relying on Federal aid that never came through.

Last edited 3 years ago by debtsor
The Truth Hurts
3 years ago
Reply to  debtsor

Under normal circumstances I would agree but they will actually show some cuts. Of course they will get it all back and then some down the road.

Riverbender
3 years ago

My experience has been over the years when a politician says they “are going to make cuts” it is often cuts in proposed spending meaning they still fund the usual pork and only cut back on the increased spending that they had budgeted. In other words there is often no real cuts just more window dressing pablum for the voters that seems to have worked quite well in Illinois’ past times.

debtsor
3 years ago
Reply to  Riverbender

Realistically, the IL legislature answers to no one but the US DOJ. More than half of district races are uncontested or have token opposition candidates and the rest of the legislators have been there for decades. They don’t answer to the people. The only way to remove some of these guys is to get them indicted. So really, why do they even have to show cuts? With the new gerrymandered map that will be coming out this next terms, there will be close to zero opposition party left, and third world country one-party state rule will be actualized.

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